TREE NEWS reports: US crypto oversight is divided by activity: securities offerings and trading fall under SEC authority, while commodity derivatives and spot-market fraud fall under the CFTC. The distinction matters because a proposal does not carry the force of an exemption or a law. The two agencies’ powers differ by market segment.
SEC and CFTC Split Crypto Oversight by Activity Type
The functional split matters less for which agency gets named than for the gap between a proposal and an exemption or statute — activity-based dividing lines only bind once they carry legal force. Projects whose tokens could plausibly sit on either side of the securities/commodity line face the most ambiguity, since each agency's authority is scoped to a different market segment. Whether the proposal is followed by formal rulemaking or statutory codification is the open question.
Generated by AI for reference only.
Share on WeChat
Open WeChat → Scan → then tap "…" to send to a chat or Moments.
Tap "…" in the top-right corner to send to a chat or share to Moments.